Pre Session: Gap down opening seen for Sensex, Nifty; telecom stocks in focus
20/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Indian benchmark indices are likely to open flat with negative bias on Wednesday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and soft cues from global peers. Markets across Asia were trading mostly lower as investors awaited outcome of the Federal Reserve’s monetary policy review and start of the two-day policy meeting of the Bank of Japan from today. The Federal Open Market Committee has begun a two-day policy meeting on Tuesday to take a call on unwinding of the balance sheet and tweaking of interest rates. In the overnight trade, the Wall Street ended flat with slightly positive bias, led by gains in banks, insurers and other financial stocks, as traders keep an eye on the outcome of the Federal Reserve policy meeting which will give some clue about the timing of interest rates hike. Back home, bearish trend in the SGX Nifty Index Futures for September delivery, which were trading at 10,154.50, down by 12.50 points.
20/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Indian benchmark indices are likely to open flat with negative bias on Wednesday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and soft cues from global peers. Markets across Asia were trading mostly lower as investors awaited outcome of the Federal Reserve’s monetary policy review and start of the two-day policy meeting of the Bank of Japan from today. The Federal Open Market Committee has begun a two-day policy meeting on Tuesday to take a call on unwinding of the balance sheet and tweaking of interest rates. In the overnight trade, the Wall Street ended flat with slightly positive bias, led by gains in banks, insurers and other financial stocks, as traders keep an eye on the outcome of the Federal Reserve policy meeting which will give some clue about the timing of interest rates hike. Back home, bearish trend in the SGX Nifty Index Futures for September delivery, which were trading at 10,154.50, down by 12.50 points.
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